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Corteva cuts U.S. jobs amid Russia exit
Dec. 29, 2022
Independent Professional Seed Association (IPSA) reports:
Seeds and crop protection company Corteva Inc will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday.
Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer Hi-Bred International subsidiary, that supplied Europe and Russia markets, according to California's Worker Adjustment and Retraining Notification Act (WARN) data last week.
"Corteva is concluding its plan to stop production and business activities in Russia, and because we have enough sunflower production capacity in Europe for the European market, we no longer need the additional production capacity at the Woodland location," the company said in an email.
Relocating commercial sunflower seed production to Europe for European customers will reduce costs, Corteva added.
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